HOUSTON, Aug. 2 (Xinhua) — U.S. crude oil refinery inputs averaged 16.5 million barrels per day (b/d) during the week ending July 28, 40,000 b/d more than the previous week’s average, according to a weekly report issued by the U.S. Energy Information Administration on Wednesday.
Refineries operated at 92.7 percent of their operable capacity last week, said the Weekly Petroleum Data report.
Both gasoline and distillate fuel production went up last week, averaging 9.8 million b/d and 4.9 million b/d respectively.
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, dropped by 17 million barrels from the previous week to 439.8 million barrels, approximately 1 percent below the five-year average for this time of year.
Total motor gasoline inventories rose by 1.5 million barrels from the previous week and were some 6 percent below the five-year average for this time of year.
Finished gasoline inventories increased while blending components inventories decreased last week.
Distillate fuel inventories fell by 0.8 million barrels last week, about 15 percent below the five-year average for this time of year.
Propane/propylene inventories went up 2.9 million barrels, about 24 percent above the five-year average for this time of year.
Total commercial petroleum inventories fell by 10.4 million barrels last week.
Total products supplied over the last four-week period averaged 20.2 million b/d, up by 1.4 percent from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.8 million b/d, up by 3.0 percent from the same period last year.
Distillate fuel product supplied averaged 3.5 million b/d over the past four weeks, down by 3.5 percent from the same period last year.
Jet fuel product supplied was up 7.0 percent compared with the same four-week period last year.
Credit: The Star : News Feed
